Scheme for refunding duties, taxes to exporters, too, to be brought out.
Budget 2020-21: Besides, it will also help double the farmers' income. "The focus on standards and quality will facilitate exports of quality products, fetching better unit realisation and enabling manufacturers to meet the technical standards and help tide over the barriers erected by many of our trading partners, while also stemming cheap quality imports thereby protecting the domestic industry," Saraf said.
Image Credit : Money Control
November 11 is known as Singles’ Day because the date is written with four ones, which came to symbolize single people. It has also become a popular day to celebrate relationships.
The 24-hour shopping event kicked off with the streaming of a live performance by Taylor Swift in Shanghai, before it cut to marketing for the over 1,000 brands Alibaba sells.
Nov 5, 2019
India won't join the RCEP, because concerns about getting swamped by imports under the agreement - putting it's domestic industries & agriculture at risk.
" The present form of the RCEP agreement does not fully reflect the basic spirit and the agreed guiding principles of RCEP" Prime Minsiter Narendra Modi said in the address at the RCEP summit.
Commerce & Industr ministerPiyush goyal said that, " The decision not to join RCEP will boost MAKE IN INDIA"
India runs a large deficit with RCEP countries and was looking for specific protectionfor it's Industry & farmers from a surge in Imports, especially from China
Oct 25, 2019
India's trade deficit with China is broad. India want to decrease the trade deficit with China as well as wants to increase the trade with the RCEP countries. Bilateral trade is expected to touch USD 100 Billion next year.
Imports from China were 13.6% of India's total merchandise imports in 2018-2019.
Indian industry is worried that the further import of goods from China will hurt local companies, especially those in consumer durable & manufacturing.
Nonetheless, , the RCEP is also a perfect opportunity for both India & China to take their cooperation in all mutual areas of interest.
Credit : Live Mint